Best SIP Plans: Top SIP Plans to Invest in India

A Systematic Investment Plan (SIP) is a process of investing in mutual funds. It is a substitute for the traditional lump-sum method of investing. Through the process of a systematic investment plan (SIP) the investors can invest a pre-determined amount in the mutual fund scheme at a specific interval of time.

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As there is a wide range of mutual fund schemes available in the market. Let’s take a look at the top-performing mutual fund schemes, which are apt for SIP investment in the year 2022.

Best SIP Plans for the Year 2022

Fund Name Monthly Investment  1 Year Returns 3 years Return 5 years Return
Axis Bluechip Fund  5000 52.52% 20.79% 18.16%
Axis Focused 25 Fund 5000 61.91% 20.94% 19.03%
DSP Equity Fund 5000 31.90% 14.69% 14.36%
Franklin India Focused Equity Fund 5000 80.39% 22.68% 15.78%
HDFC Balance Advantage Fund 5000 55.65% 14.39% 13.47%
ICICI Prudential Bluechip Fund 5000 59.24% 19.41% 15.69%
Kotak Standard Multicap Fund 5000 48.94% 14.15% 12.51%
Motilal Oswal Focused 25 Fund 5000 40.77% 20.01% 14.34%
Nippon India large Cap Fund 5000 69.69% 15.55% 14.48%
TATA India Consumer Fund  5000 49.09% 26.81% 19.06%

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. The tax benefit is subject to changes in tax laws. *Standard T&C Apply

The process of SIP mutual funds allows the investors to manage their finance and create a financial cushion so that they can achieve the financial objectives of life. The contribution towards SIP helps the investors to manage their investment regularly in a simple and hassle-free way. Even though returns on SIP mutual funds entirely depend on the market performance the above is the list of top-performing best SIP plans for the year 2022, wherein you can consider investing.

  1. Axis Bluechip Fund

    This is an equity-oriented fund. The main objective of this fund is to achieve long-term capital appreciation by making investments majorly in equity and equity-related securities of large-cap companies including derivatives. This fund is best suitable for the investor who has a high-risk appetite and who wants to gain a high return on investment over a long-term period. Let’s take a look at the fund details.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    Axis Bluechip Fund  Rs.5000 5 years 14.05%
  2. Axis Focused 25 Fund

    This is an open-ended equity fund, which aims to generate long-term capital appreciation by making investments in equity and equity-related securities. As an equity-oriented fund, Axis Focused 25 Fund is a high-risk fund option, which offers higher returns on investment. Let’s take a look at the fund details.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    Axis Focused 25 Fund  Rs.5000 5 years 18.27%
  3. DSP Equity Fund

    This is an open-ended equity fund, whose main objective is to generate long-term capital appreciation by making investments in equity and equity-related instruments. Along with the investment in equity securities, the fund also invests in debt and money market instruments to maintain the liquidity of the fund from time to time. As one of the best SIP plans, this fund is the best fit for investors who have a high-risk appetite and who want to gain high returns on investment over 3-5 years. Let's take a look at the fund details.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    DSP Equity Fund  Rs.5000 5 years 14.36%

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  4. HDFC Balance Advantage Fund

    As one of the best SIP plans, HDFC Balanced Advantage Fund is an open-ended fund, whose main objective is to provide long-term capital growth by making investments predominantly in equity and debt instrument. This fund is a great option of investment for investors who have a moderate to high-risk investment appetite and who want to gain a profitable return on investment. Let’s take a look at the plan detail.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    HDFC Balanced Advantage Fund Rs.5000 5 years 16.84%
  5. ICICI Prudential Bluechip Fund

    As an open-ended equity scheme, this fund majorly invests in large-cap stocks. The main objective of the scheme is to provide long-term capital appreciation by making investments predominantly in equity and equity-related instrument of large-cap companies. Let’s take a look at the fund details.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    ICICI Prudential Bluechip Fund  Rs.5000 5 years 15.17%
  6. TATA India Consumer Fund

    This is an open-ended fund, which aims to provide long-term capital growth by investing 80% of the asset in equity and equity-oriented securities. This fund is the best fit for investors who have a high-risk appetite. Let’s take a look at the plan details.

    Fund Name Monthly Investment Investment Tenure Expected Annual Return
    TATA India Consumer Fund  Rs.5000 5 years 19.20%

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

    *Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product by an insurer or any other financial product.

Why Invest in a SIP?

One of the most common reasons why people are attracted to investing in SIP is the inculcation of regular habits of savings, in small and regular intervals.

Here are some of the top reasons why one should consider SIP when it comes to investment.

  1. Investment of Small Amounts

    As stated above, small and regular deposits can be made in SIPs. An investment amount as low as Rs. 500 or even Rs. 100 in some cases can be made while purchasing a SIP. The amount of investment under SIP has no barrier making it easy and approachable to the masses.

  2. Rupee Cost Averaging

    As we know that the equity market is volatile so, when it comes to investment in SIP, it helps the investor to purchase more when the prices are low and less when the market is booming. SIPs are beneficial for investors who invest in more shares at less price rather than investors who invest a large sum in just one share.

  3. Option to Run Multiple SIPs

    There is a scope of investing in more shares rather than putting all your bets on 1 or 2 shares in SIP. Choice of shares and investments, if made wisely, can be very beneficial for investors investing in SIPs.

  4. Flexibility

    With an option to start and stop a SIP whenever the investor wishes to, SIP offers great flexibility even if the invested amount is low.

  5. Maximum Returns with Minimum Investment

    To attain maximum benefits while investing in SIPs, all you have to do is follow these simple steps:

    • Determine your future needs

    • Make a list and the amount of savings needed to achieve your goals

    • Have a piece of in-depth knowledge about the SIP you are planning to invest in

    • Complete all your documentations and KYC for non-interrupted investments and hassle-free results

    • Choose the SIP that suits your future goals the best

    • Invest small amounts in multiple shares rather than focusing on just 1 for best results

FAQ's

  • Does SIP investment offer tax benefits?

    Ans: Not all SIP plans offer tax benefits. The investment made through SIP in an equity-linked savings scheme is applicable for tax exemption under section 80C of the Income Tax Act.
  • What are the maximum and minimum amounts that can be invested in SIP?

    Ans: The investors can start investing in SIP with a minimum amount of Rs.500. However, there is no upper limit on the maximum investment in SIP.
  • How can I start SIP investment?

    Ans: The investors can choose the offline or the online method to start making the SIP investment.
    For online method:
    • Visit the official website of the asset management company (AMC).
    • Fill in all the details for online SIP.
    • Along with the details of KYC, the investors will require to submit the scanned copy of address proof, cheque, account number, and ID proof.
    For offline method
    • Visit the branch office of the asset management company (AMC).
    • Fill the auto-debit form and application form thoroughly.
    • Submit all the important documents such as address proof, ID proof along with the properly signed cheque to the address of the mutual fund.
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